Search – Page 36 – Indianapolis Business Journal

Home » Search

Articles

VOICES FROM THE INDUSTRY: After 5 years, it’s time to think about changing SOX

June 25, 2007

Almost five years ago, the Sarbanes-Oxley Act, or SOX, was passed in haste, largely in response to the large-scale securities frauds and market dislocations surrounding Worldcom, Enron and other large accounting scandals involving public firms. It imposed new federalized standards for internal controls, corporate governance, accounting independence and review, whistle-blowing and legal review. It represented the most important change to the federal securities laws since the passage of the Securities Act of 1933 and the Securities and Exchange Act of…

WellPoint CFO’s affairs exposed by lawsuit

June 11, 2007

In this era of hyper-scrutiny of corporate ethics, even messy personal lives can fell the career of a “well-loved and well-respected”
executive. Such appears to be the case with David C. Colby, whom WellPoint Inc. forced to resign as its vice chairman and
chief financial officer on May 30 for violating the company’s code of conduct in a “non-business” way.

Ex-Marsh exec says ousted president asked him to inflate profit

June 11, 2007

By now, David Marsh might be regretting he ever decided to take on former employer Marsh Supermarkets Inc. in court. Since
he filed his lawsuit last fall charging the company his grandfather founded had shortchanged him on severance, the company
has stormed back with a blizzard of allegations.

ITT’s youthful CEO has large shoes to fill

June 4, 2007

Kevin Modany, CEO of ITT Educational Services Inc., carries an iPod and downloads drum solo videos from YouTube. But when
Modany, a young-looking 40-year-old, talks about ITT’s 35-percent increase in first-quarter profit, he comes across as savvy
and confident of his ability to take the post-secondary education provider to even greater heights.

Bonach named Conseco chief financial officer.

April 24, 2007

Edward J. Bonach has been tapped to replace Conseco Inc. Chief Financial Officer Eugene M. Bullis, who is retiring after seeing the Carmel insurer through its bankruptcy reorganization. Bonach was executive vice president and CFO of National Life Group, headquartered in Montpelier, Vt. Prior to National Life, Bonach spent 23 years at Allianz Life of […]

ATA parent sees potential in World Air, despite its woes: Impact of deal on Indianapolis headquarters unknown

April 23, 2007

The biggest acquisition in the 34-year history of ATA Airlines will steer it closer to its charter roots and further from a scheduled-service binge that led to bankruptcy three years ago. Analysts say the $315 million deal to buy Atlanta-based World Air Holdings will broaden the revenue base and bring economies of scale for ATA’s newly renamed parent, Global Aero Logistics. It also hands ATA a cargo business worth $100 million in 2005. The deal should give the Manhattan vulture…

Escalade announces interim CEO, less profit

April 13, 2007

Evansville-based sporting goods maker Escalade Inc. today announced that CFO Terry Frandsen will serve as interim CEO following the sudden April 9 death of CEO Daniel Messmer. Frandsen also will continue serving as CFO. The company has begun a search for Messmer’s permanent replacement. Escalade also reported $1.1 million in profit for the quarter ended […]

Indiana joins splashdown of water parks: Indoor resorts on the rise as hotels try to lure guests during offseason

April 2, 2007

The names Caribbean Cove and Paradise Bay inspire thoughts of tropical destinations where sunbathers slather lotion like Hoosiers butter their corn on the cob. In reality, these types of “resorts” are spouting up throughout the Midwest, including Indiana, and require no protection from harmful ultraviolet rays whatsoever. They’re indoor water parks, a trend hoteliers are embracing to cater to families seeking a weekend getaway-and to boost occupancy during the off-season. The Indianapolis area features just one such water park so…

WellPoint throws stock, title at Colby

March 5, 2007

After WellPoint Inc.’s board last week passed over Chief Financial Officer David C. Colby for the CEO’s job, it gave him a new title and agreed to award him 60,000 shares in restricted stock and stock options if he stays three more years. In addition to continuing as CFO, Colby will be vice chairman, an […]

Jeffboat workers overwhelmingly ratify contract

February 19, 2007

A new contract ratified by General Drivers, Warehousemen & Helpers Local 89 at Jeffboat LLC calls for an average wage increase of 11 percent over three years. About 95 percent of 900 eligible Teamsters members voted in favor of the contract, according to Jeffboat parent American Commercial Lines Inc. The Ohio River shipyard, located in […]

BEHIND THE NEWS: Legal conflict alleged in Emmis CFO lawsuit

January 22, 2007

Ice Miller is a legal powerhouse and lands plum assignments all the time. So few were surprised when Emmis Communications Corp. last month hired the firm to lead its legal assault on industry heavyweight CBS Radio. But Walter Berger-the man at the center of the legal tangle-sure was. Berger had been Emmis’ chief financial officer before he took the same post a year ago at New York-based CBS Radio. The departure rankled Emmis, and over the summer it sued CBS,…

Temp agency jumping into training, construction: Latino-owned Aztec Group’s first foray is three-year project to fix up warehouse complex on near-east side

January 22, 2007

When Rod Webb moved to the United States from Mexico in 1982, his plan was to make a career as a salesman for an Indianapolis industrial chain manufacturer. But a short stint volunteering for a group that aided migrant workers planted another seed that’s now bearing fruit. After eight years running a temporary employment firm that specializes in offering Hispanic employees alternatives to field work, Webb is embarking on an ambitious plan to transform a dilapidated east-side warehouse complex into…

Executive lunches feed search for new biotech ideas: Local group of CEOs from venture-funded life sciences firms gather monthly to share experiences, advice

January 22, 2007

Each month, leaders of some of the city’s most promising life sciences companies gather to share lunch, but they are more interested in getting an extra dollop of advice that might contain the ingredients for a thriving company. These 14 chief executives sharing their experiences with one another represent the city’s roster of life sciences firms that have received outside financing from venture capitalists. That means the fledgling enterprises are high-risk investments with the potential for above-average returns. And with…

TAWN PARENT Commentary: Have you noticed Indiana’s new face?

December 18, 2006

When I stop and think about my own life, it doesn’t seem so far-fetched. I went to lunch at a Chinese restaurant near my office last week, and most of the people in line were Indian. Driving through my formerly whitebread neighborhood, I see buildings painted in bold yellows and reds with signs saying, “Tienda Morelos,” “Supermercado” and “Estetica Latina.” My son’s elementary school celebrates Chinese New Year with a big parade and lessons about eating with chopsticks and keeping…

State’s venture capital incentive seldom used

November 27, 2006

Since the inception of the state’s Venture Capital Investment Tax Credit in late 2003, investors have claimed only about one-third of the $37.5 million in credits available, according to an IBJ analysis of the program.

SMALL BUSINESS PROFILE MILESTONE ADVISORS: CFOs for hire: Company fills financial gaps Consultants provide expertise small businesses may be lacking

November 27, 2006

SMALL BUSINESS PROFILE MILESTONE ADVISORS CFOs for hire: Company fills financial gaps Consultants provide expertise small businesses may be lacking Tom Gabbert and Glenn Dunlap started Milestone Advisors three years ago with a couple dozen clients already in tow, parlaying their previous experience and contacts into a new venture. They’ve been using it to help other businesses shore up their financial foundations ever since. Milestone Advisors provides financial management, strategic planning and related services to small to medium-size businesses with…

BEHIND THE NEWS: After CFO’s jump to rival, Emmis opts to fight back

August 28, 2006

When Emmis Communications Corp. Chief Financial Officer Walter Berger bolted in January for the same post at CBS Radio in New York, the Indianapolis company said little publicly. But it’s now apparent Emmis officials were more than a little peeved. In recent weeks, they’ve filed an arbitration case against Berger in hopes of recouping some of his compensation, and they’ve sued CBS alleging tortuous interference with his contract. “I think this case is very clear-cut,” said David Barrett, vice president…

Lean manufacturers take stock of accounting innovation: Fishers company optimistic movement will gain favor

August 28, 2006

The leanest aspect of lean manufacturing is moving from the shop floor to the accounting office, where a new recordkeeping system is gaining a following. Proponents of so-called lean accounting say it’s better than traditional accounting at measuring the cost savings and efficiencies of lean manufacturing, a business-improvement strategy that shortens the time between customer order and shipment. Instead of simply looking at inventory levels and sales numbers as traditional accounting does, lean accounting measures things such as worker productivity…

Indy Partnership helps spur job growth above Midwestern norm

July 24, 2006

For the last half-decade, Indianapolis has shown greater job gains than any other large city in the Midwest. During the same period, the Indy Partnership has been responsible for the area’s economic development.

BULLS & BEARS: Sure, market’s slumping, but better times lie ahead

June 26, 2006

As I write this, the stock market has fallen off a ledge and given up, depending on the index, between 7 percent and 12 percent in a bit over a month. After that kind of fun, you might be ready to throw yourself off a ledge, or at least cash in what’s left of your portfolio. Yes, the last few weeks have been trying, but being an investor in U.S. stocks since the beginning of this decade has been no…

« Previous 1 … 34 35 36 37 Next »

Search Results

734 results for 'cfo year'

Articles

VOICES FROM THE INDUSTRY: After 5 years, it’s time to think about changing SOX

WellPoint CFO’s affairs exposed by lawsuit

Ex-Marsh exec says ousted president asked him to inflate profit

ITT’s youthful CEO has large shoes to fill

Bonach named Conseco chief financial officer.

ATA parent sees potential in World Air, despite its woes: Impact of deal on Indianapolis headquarters unknown

Escalade announces interim CEO, less profit

Indiana joins splashdown of water parks: Indoor resorts on the rise as hotels try to lure guests during offseason

WellPoint throws stock, title at Colby

Jeffboat workers overwhelmingly ratify contract

BEHIND THE NEWS: Legal conflict alleged in Emmis CFO lawsuit

Temp agency jumping into training, construction: Latino-owned Aztec Group’s first foray is three-year project to fix up warehouse complex on near-east side

Executive lunches feed search for new biotech ideas: Local group of CEOs from venture-funded life sciences firms gather monthly to share experiences, advice

TAWN PARENT Commentary: Have you noticed Indiana’s new face?

State’s venture capital incentive seldom used

SMALL BUSINESS PROFILE MILESTONE ADVISORS: CFOs for hire: Company fills financial gaps Consultants provide expertise small businesses may be lacking

BEHIND THE NEWS: After CFO’s jump to rival, Emmis opts to fight back

Lean manufacturers take stock of accounting innovation: Fishers company optimistic movement will gain favor

Indy Partnership helps spur job growth above Midwestern norm

BULLS & BEARS: Sure, market’s slumping, but better times lie ahead